APAC REIT Daily: Activia shares jump on commitment line renewal

By Benn Dorrington

Here’s how listed real estate investment trusts (REITs) performed across Asia Pacific on Wednesday, 10 June 2020.

Japan

The Tokyo Stock Exchange REIT Index finished 0.16% higher at 1,761.42, in line with the Nikkei 225 Index, which rose 0.15% to 23,124.95.

Activia Properties Inc. (3279) renewed its JPY 12bn commitment line agreement with Sumitomo Mitsui Trust Bank, Mizuho Bank and MUFG Bank, according to a statement. Shares in Activia closed 1.56% higher at JPY 423,000. 

Japan Retail Fund Investment Corp. (8953) stocks rose 2.37% to JPY 164,400 in one of the biggest gains of the day, while CRE Logistics REIT Inc. (3487) sank 2.36% to JPY 140,700.

Australia

A-REIT shares retreated, with the S&P/ASX 200 A-REIT Index down 2.49% to 1,318 after yesterday’s surge. The S&P/ASX 200 Index edged 0.06% higher to 6,148.40.

Shares in Carindale Property Trust (CDP) soared 7.24% to A$4.15, while Centuria Industrial REIT (CIP) jumped 4.30% to A$3.15. 

Vicinity Centres (VCX) stocks slipped 5.42% to A$1.74, and Stockland (SGP) dipped 4.40% to A$3.91.

Singapore

The FTSE ST Real Estate Investment Trusts Index grew 0.82% to 871.99, while the Straits Times Index climbed 0.23% higher to 2,800.57.

Mapletree North Asia Commercial Trust (RW0U) shares surged 4.57% to S$1.03, and OUE Commercial REIT (TS0U) jumped 3.61% to S$0.43. Ascendas India Trust (CY6U) stocks slipped 1.32% to S$1.49.

Hong Kong 

The Hang Seng REIT Index closed 0.57% lower at 5,853.28, while the Hang Seng Index finished flat, down just 0.03% at 25,049.73.

Among the biggest price moves of the day were Spring REIT (1426) shares, which climbed 1.19% to HK$2.56, and Sunlight REIT (435) stocks, which sank 2.48% to HK$3.94.

Other markets

In Malaysia, Sunway REIT (5176) stocks gained 1.82% to RM 1.68, while Al-Aqar Healthcare REIT (5116) finished trading 2.14% lower at RM 1.37.

In New Zealand, Goodman Property Trust (GMT) shares dipped 2.69% to NZ$2.17, while Investore Property Ltd (IPL) gained 0.54% to NZ$1.85.

Learn more about Asia Pacific REITs:

REITS in AustraliaREITs in Thailand
REITs in JapanREITs in Taiwan
REITs in SingaporeREITs in Korea
REITs in Hong KongREITs in New Zealand
REITs in MalaysiaREITs in India
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Benn is a freelance journalist and the publisher of APAC Real Estate. He has reported for the Herald Sun, REFI Europe, S&P Global Market Intelligence, Leader Newspapers, and more.